Hong Kong’s cargo tonnage declines 7.4% in July

posted on 20th August 2019 by Justin Burns
Hong Kong's cargo tonnage declines 7.4% in July

Hong Kong International Airport’s (HKIA) cargo throughput fell 7.3 per cent to 401,000 tonnes in July with declines to key trading regions given as a central reason for the fall.

Operator, the Airport Authority Hong Kong, said the decrease in cargo throughput was attributed to a 12 per cent decline in both imports and transshipments.

Amongst key trading regions, cargo throughput of Southeast Asia and North America decreased most significantly during the month.

Over the first seven months of the year, HKIA’s cargo throughput recorded 2.7 million tonnes, a decline of 6.8 per cent compared to the same period last year. On a rolling 12-month basis, cargo throughput was five million tonnes, a decrease of 4.1 per cent compared to the previous period.

The lower cargo tonnage figures from HKIA are much the same as other airports in the region, who are all being affected by the worldwide air freight slowdown, chiefly due to global trade tensions, notably between the US and China.

The International Air Transport Association (IATA) said earlier this month that air cargo carriers in Asia Pacific registered a demand fall of 5.4 per cent in July.